The Cole Family Foundation Inc is a private foundation focused on Human Services, based in SALISBURY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $95K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
-3.6% YoY
Annual Giving
$95K
+9.7% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$7K
+18.2% YoY
Under IRS private-foundation payout rules, The Cole Family Foundation Inc reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cole Family Foundation Inc
Based on IRS filings
The Cole Family Foundation Inc is a private foundation focused on Human Services, based in SALISBURY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $95K. Net investment income was $58K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,558,990 | $1,617,710 | $1,684,607 |
| Revenue | $163,538 | $143,376 | $128,833 |
| Expenses | $225,031 | $197,873 | $204,902 |
| Qualifying Distributions | $119,376 | $109,321 | $106,348 |
| Net Investment Income | $57,883 | $55,184 | $34,054 |
| Distributable Amount | $110,264 | $103,991 | $113,530 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Church of Jesus Christ of Latter Day Saints ($11,900), Brigham Young University ($10,000), Hillsdale College ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BABSON COLLEGE BABSON PARK, MA | SCHOLARSHIPS AND OPERATING COSTS | $5,000 |
| BRIGHAM YOUNG UNIVERSITY PROVO, UT | SCHOLARSHIPS AND OPERATING COSTS | $10,000 |
| COASTAL HOSPICE SALISBURY, MD | GENERAL OPERATING COSTS | $5,000 |
| COMMUNITY FOUNDATION OF THE EASTERN SHORE SALISBURY, MD | GENERAL OPERATING COSTS | $5,000 |
| HILLSDALE COLLEGE HILLSDALE, MI | SCHOLARSHIPS AND OPERATING COSTS | $10,000 |
| JOHNS HOPKINS UNIVERSITY & MEDICINE BALTIMORE, MD | SCHOLARSHIPS AND OPERATING COSTS | $10,000 |
| MAC INC SALISBURY, MD | GENERAL OPERATING COSTS | $5,000 |
| MARYLAND FOOD BANK BALTIMORE, MD | GENERAL OPERATING COSTS | $5,000 |
| NORTHERN VIRGINIA FAMILY SERVICES OAKTON, VA | GENERAL OPERATING COSTS | $5,000 |
| STREAM RISING BOWIE, MD | GENERAL OPERATING COSTS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| D ERIC WISELEY | BOARD MEMBER | 1 | — |
| MICAH R COLE | BOARD MEMBER | 1 | — |
| JACOB T COLE | BOARD MEMBER | 1 | — |
| BETHANY COLE SALDANA | BOARD MEMBER | 1 | — |
| ERIN R COLE | BOARD MEMBER | 1 | — |
| CAROL COLE | VP/SECRETARY | 40 | $15,625 |
| WILLIAM HUGHLETT COLE | PRESIDENT/TREASURER | 40 | $31,250 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cole Family Foundation Inc?
The Cole Family Foundation Inc is a private foundation focused on Human Services, based in SALISBURY, MD. It holds $1.6M in total assets as of 2024.
How large is The Cole Family Foundation Inc?
As of 2024, The Cole Family Foundation Inc holds $1.6M in total assets with $164K in annual revenue. It awarded 13 grants totaling $95K in 2024.
Where does The Cole Family Foundation Inc operate?
The Cole Family Foundation Inc has awarded grants in California, Colorado, Florida, Massachusetts, Maryland, Michigan, New York, Utah, Virginia.
What size grants does The Cole Family Foundation Inc award?
In 2024, The Cole Family Foundation Inc awarded 13 grants totaling $95K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Cole Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cole Family Foundation Inc reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cole Family Foundation Inc's EIN?
The Cole Family Foundation Inc's EIN (Employer Identification Number) is 52-1512544. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cole Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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